FactSet Announces Commencement of Senior Notes Offering
FactSet intends to use the net proceeds of the offering, together with borrowings under its proposed new senior unsecured credit facilities and cash on hand, to (a) finance the consideration for the proposed acquisition of CUSIP Global Services from S&P Global Inc. (the “CGS Transaction”), (b) refinance FactSet’s existing credit facilities and (c) pay transaction fees related to the proposed CGS Transaction.
This press release will not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of the notes or the guarantees in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Forward-Looking Statements
This news release contains forward-looking statements based on management's current expectations, assumptions, estimates, forecasts, and projections about industries in which FactSet operates, FactSet’s future performance, future events and circumstances, and the beliefs and assumptions of management. All statements that address expectations, guidance, outlook or projections about the future, including statements about the Company's strategy for growth, product development, revenues, future financial results, anticipated growth, market position, subscriptions, expected expenditures, trends in FactSet’s business and financial results, are forward-looking statements. Forward-looking statements may be identified by words like "expects," "believes," "anticipates," "plans," "intends," "estimates," "projects," "should," "indicates," "continues," "may" and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties, and assumptions. These statements include, but are not limited to, statements such as that (i) FactSet intends to use the net proceeds of the offering to finance a portion of the consideration for the proposed CGS Transaction, to refinance FactSet's existing credit facilities, and to pay transaction fees related to the proposed CGS Transaction, (ii) the offering is expected to close on
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FactSet (NYSE: FDS | NASDAQ: FDS) delivers superior content, analytics, and flexible technology to help more than 162,000 users see and seize opportunity sooner. We give investment professionals the edge to outperform with informed insights, workflow solutions across the portfolio lifecycle, and industry-leading support from dedicated specialists. We're proud to have been recognized with multiple awards for our analytical and data-driven solutions, with the distinction of having been recently added to the S&P 500, and repeatedly scored 100 by the
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